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20131028
20131105
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on capitol hill tomorrow morning, featuring hha secretary kathleen sebelius and the congressman who was chairing the committee that will be grilling sebelius is about to join us. don't let all the obama news cry out, we closed at a new all time high for the dow and another all time high for the s&p 500 t. ramally keeps rolling along. all those stories, much more coming up on "the kudlow report" beginning right now. now, before we get to obama care. we got to show you the markets, because it was a record day on wall street. kayla joins us with all the key details. goef. >> good evening, larry the dow closing at an all time high, if it feels like de ja vu, it is, a day with mixed economic data, the big catalyst hopes for more stimulus from the fed, a read on the economy will come tomorrow. the s&p 500 got in the game, hitting a new high today, it's been doing that nearly every day, it seems. finally the nasdaq nearing a 13-year high, larry the dow transports and russell 2,000 hits new high, we will do that to the market. back to you. >> there may be more of that easy money on the way,
accountable to you for fixing these problems. >> taking the blame. >> kathleen sebelius. >> we were wrong. we must fix it. >> a few committee members. >> had their rehearsed one-liner. >> to be played on cable news. >> some people like to drive a ford not a ferrari. >> has a man ever delivered a baby. >> of come on in the water is fine. >> toto, we are not in kansas. >> the proverbial, we are not in kansas any more. >> you are from kansas. we are not in kansas anymore. >> you clearly, whatever. >> we are working overtime to improve it every day. >> that's good news. >> this is the hall where. >> mitt romney. >> pick any other republican in the country. >> he did the right thing on health care. >> he is the worst republican in the country. >> we are in this together. and we are going to see it through. we are going to see this through! [ cheers and applause ] >> so sorry that we can't afford the rights to clips of wizard of oz. the secretary of health and human services faced hours of questions at a house committee hearing today about affordable care act. president obama by passed congress to
kathleen sebelius about to take the mic. in her prepared remarks she's says "the initial consumer experience of healthcare.gov have not lived up to the expectations. american people and are not acceptable. we are committed to fixing these problems as soon as possible. s&p up 13 of the past 15 sessions. we do have a fed decision this afternoon. even initial reviews of the apple ipad air. as we monitor the hearing this morning in washington, let's get to jim. first, broad markets, we've not had a run look we've had this month in a long time. whether you're larry fink or others, people asking serious questions about when in ends and how it ends. >> you keep thinking it should end and then general motors comes out with a quarter that says, hey, listen, we're back, too. you keep thinking it will end and then i sit back and listen to some of these conference calls and various industries. buffalo wild wings. you can say they're small potatoes but they're blowing the number away. gilead last night, a remarkable quarter. i keep getting stunned by the facts, even though the thesis should be
of this hearing today with kathleen sebelius, the health and human services secretary. georgia congressman, your doctor, you can't tell me you've read this law. marsha blackburn, we're not going to let you off the hook either. i think these republicans out to come out, raise their right hand and say i have read obama care, first page to last page. they wouldn't oh be bringing up these issues if they knew. it is clearly stated in the law about what happens to people who are going to lose the junk insurance. but the republicans have taken it, and they hoodwinked some of the people in the mainstream media to believe this is really a bad deal, and what obama is really doing is, well, he's screwing you. come on, folks. this is about moving america forward. john f. kennedy, we played a clip of him last night on this program from 50 years ago, talking about how other industrialized countries around the world are ahead of us. and they're still ahead of us. this is the catch-up mode. this is america getting the game for the american people. this is protecting consumers. the president at the top of his g
. this lady on the hot seat. congress questioning health and human services secretary kathleen sebelius. if you missed the hearing it's safe to say that this was not the secretary's best day. and among other things, we're looking at is how obama care could change your employer sponsored plan. we're getting new details today as annual enrollment season approaches for many of the plans. then, now i can move over here, there is sue, the it fed, decision time, one hour away and where does america stand on job creation? it's critical, obviously, to the fed and to the economy. adp number out this morning, not so great. let's check in with you at the nyse. >> you're absolutely right, and we will get to that but we want to start, ty, with the fireworks on capitol hill as kathleen sebelius goes before the house energy and commerce committee. bertha coombs is on the case on capitol hill. over to you, bertha. >> sue, the hearing lasting more than three and a half hours and members of congress usually a little more def ren shall to a cab meth member but they did hit secretary kathleen sebelius hard
. not for the red sox but to speak about the affordable care act. kathleen sebelius is expected for the blame contractors. >> she's profiling. call in caroline kennedy. >> saying they did not meet expectations. >> it's the proift sector's fault. >> however, late last night, chairman darryl is sa ell issa government agency there was not adequate november time to test the website. the woman in charge of the obama care marketplace testified before congress and apologized for issues with the site. he was asked when we will see how many people signed up for coverage through the obama care exchanges. >> you have no numbers on who's enrolled, so have you for the idea? >> we will have those numbers available mid-november. >> i am saying you will publicly release those number, do you have an idea on a weekly basis how many people have enrolled, how do you know how many people are enrolled? >> jeremy kemp, we will have those numbers mid-november. >> i am sure you have been termed a quarterback of the rollout. i am sure you did not choose those words yourself. can you guarantee no americans will have a
are act. i don't know if it's kathleen sebelius is totally at fault. she told congress to, quote, hold me accountable and how come you can't fall on your sword and quit this red-hot minute. even michael brown knew to resign from fema after he bofrped the federal government's handling of the katrina tragedy. we don't know if brownie really resign offed his own accord or was pushed out by president obama, but at least he vanished and that's not a bad idea for sebelius to mull over or act on it. i don't know if cgi group that powered the website knew what it was doing when it set up this ridiculous excuse for an interface between the government and its people. they want to blame verizon for a big portion of the failure. sebelius was implying that verizon's hosting abilities were less than stellar. verizon was thrown right under the bus. well done. i can can tell you how i would have understand thatteled this task and made the president proud. instead of giving the republicans all of the ammo they need to wipeout the program in 2014. it's ironic that this whole thing will fall apart on its ow
the president. >> on location. >> health care reform. only reason we're here. also kathleen sebelius gave testimony yesterday. it was interesting. >> it was. the problems with the health care roll out along with trouble surrounding the irs, syria and nsa have left president obama with an approval rating of an all time low. a new nbc news "wall street journal" poll finds 42% approve of the job he's doing as president. that's down ten points from when he started his second term. right now 51% disapprove. for the first time in the survey the president's positive/negative rating is upside down, 45% to 41%. public pinto the gop has sunk to a new low. 22% see the party in a positive light. democrats fared 15 points better. those in the poll say they will vote independent in the 2014 elections compared to thele 28% who say they will vote republican. nicole. >> nicole, let's digest things here. president's ratings at an all time low. the republican party's approval ratings at an all time low in the nbc news "wall street journal" poll. i don't see things getting better for either side coming out o
sebelius will testify before the house energy and commerce committee. that's coming at 9:00 eastern time. she's expected to be grilled about the problems with health care.gov and all the cancellation notices that have been going out to individuals who were previously told that they could keep their plan. you can watch complete coverage of her testimony on "squawk on the street". then this afternoon, president obama will defend his health care law. verizon said it was doing maintenance on the system. there was a similar halt on sunday. we'll have more on these stories in just a few minutes. >>> but first, the rest of today's agenda, earnings central will be hearing from general motors, nbc parent comcast, chrysler, corning and sodastream, all before the bell. this afternoon, we have visa, facebook, comcast, kraft foods and many others. on the economic front, the fed wraps up a two-day fomc meeting in washington. this is a policy announcement set tore 2:00 p.m. eastern today. the central bank is expected to maintain its massive bond buying campaign. fed watchers say ben bernanke and compan
people call for hhs secretary kathleen sebelius to step down over this, but i say it's way over time to hold president obama accountable. the buck stops there. he ought to show some back bone and not just blame his underlings. and there's talk about the fed using the inflation rate. we have alan greenspan to talk about that policy and talk about the current state of the economy. our other special guest will be former florida governor jeb bush. i'm going to ask him about the civil war in the republican party and how to solve it. all that and more on a special edition of "the kudlow report." we are live from washington, d.c. tonight and we begin right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live, 7:00 p.m. eastern, 4:00 p.m. pacific time. we are in washington, d.c. top stories, continuing failure that is obama care tops the news tonight. we begin with a breaking story from our colleagues at nbc news. four stories deeply involved in the crafting of the affordable care act tell nbc news that most of the 14 million americans that have their o
leads the glitch mob. going after hhs secretary kathleen sebelius. stay with us. we're right back. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. why would i take one pepcid® when i could take tums® throughout the day when my heartburn comes back? 'cause you only have to take one... [ male announcer ] don't be like the burns. just one pepcid® complete works fast and lasts. [ male announcer ] don't be like the burns. i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day. healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmacist. sales associate. i manage produce. i work in logistics. t
priority is you. go to usps.com® and tr today. >>> secretary of health and human services kathleen sebelius said this week that president obama did not know about the healthcare.gov's technical problems until after the launch, in a statement she delivered from under the bus. >> yes, when "saturday night live" makes your signature legislation a weekly punch line, that's never a good thing. and it could get worse as congress prepares to hold hearings tomorrow on the troubled rollout. bertha coombs with the latest on the as obama care turns saga. >> feels like a soap ra, doesn't it? house officials are holding daily briefings on healthcare.gov but short on details. the federal data system was down much of sunday due to an outage provided by verizon's unit. it affected all of the states as well. now, on the conference call today, spokespersons for cms didn't say what caused the verizon server fail you're or how they're prooevening it from happening again. we don't know if it happened because of one of the fixes that tripped it up. last week testifying before congress, the contractor who built t
services secretary tommy thompson will weigh in on kathleen sebelius and the issue of the health care act. and coming up, jeff and robert are joining forces, launching the double-line schiller fund and we'll be speaking to both of them exclusively. "squawk on the street" will be right back. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. because what you dont know can hurt you.urance, what if you didn't know that it's smart to replace washing-machine hoses every five years? what if you didn't know that you might need extra coverage for more expensive items? and what if you didn't kn
of different places. is kathleen sebelius ultimately in charge? >> not really. she doesn't seem to. now it's jeffrey zions who is sort of the hedman at the white house to get the thing running again. sebelius doesn't have all of the answers on the technical side. i don't know the extent to which she knows what's going wrong on the technical side. you're right, there was no one contractor in charge of making sure this was fully operational by day one. >> you can't penalize someone if they can't -- >> they can't buy it, right. >> they have to delay this. >> you have senate democrats who are running for re-election, you know, mary landru, mark prior, folks who are in stuff red states saying let's delay this. the white house is terrified of delay. they think it undermines the entire thing. it will start falling apart if they delay. you're absolutely right. how do you require somebody to buy something -- you wouldn't require somebody to buy a book on amazon if they -- >> is this a good headline or bad headline. >> obama unaware. >> it's a terrible headline. every time there's a problem in the a
angela merkel and other world leaders for nearly five years. followed by a few claims of hhs sebelius obama didn't know about problems of the health care website before the launch. the white house frequently has given a variation on this theme. the question, what did obama know and when did he know it? answer not much and about a minute ago. i mean not much and about a minute ago. and so now we're hearing that from other people that he did know for five years that angela merkel and allies have been -- i mean this is bad. >> the length of time that the program has been under operation or at least the lent of time it has been published with various world leaders. if he did not know, if you choose to believe the president of the united states and i believe the president of the united states, i want to believe the president of the united states. >> some reports suggest he signed off on it. >> if he did not know why didn't he know? the larger question is do we have an out of control national security agency? do we have a secret government in the shadows of government that the president of
monitoring that. we're ramping up to khathleen sebelius's remarks tomorrow. >> tavenner admits it has not lived up to the expectations of american and blames a subset of contracts that have not met expectations. contractors blamed cms for not integrating the system and making changes. she does defend the act and says the weighted average premium is 16% below the premium implied by the congressional budget office initially when they talked about premiums on the plan. she doesn't aggress the concerns that are raising now about premiums going up in the individual market for those -- particularly those that do not qualify for subsidies. she says, in fact, in her conclusions they have delivered on their product quality, affordable insurance. a lot of the questions today will be what did you know, when did you know it with regard to the flaws on healthcare.gov but no doubt there will be questions as well with regard to premium prices and how they're impacting individuals in the individual market. guys, back to you. >> all right, bertha. we know you'll be on top of it. thank you for that. ou
insurance plan. the president had to go out and defend sebelius and alexander this week. they're circling the wagones and trying to defend themselves. >> and holding off hoping by november 30th they fix this by then, right? >> they have set themselves up. and that's a really good point, becky, because they have set themselves up for another deadline, another countdown clock dynamic where they promise this will be fixed by the end of november. if it isn't, it will be another failure and a lot of people wonder why they would set a hard and fast deadline date like that with an unknown -- >> because if you don't have it fixed by november 30th, then you have a much bigger problem. if people don't have a month to shop for these things. that doesn't change for people whose insurance was canceled. >> a interview an insurance company yesterday that said his firm had to kick 43,000 people off their plan because they weren't comply kwansant with obama care. he says he has no idea how many of those 40,000 will be able to navigate the website and get new insurance before the end of the year. >> about
. it shouldn't take a full day. >> did you see "saturday night live" the woman who did kathleen sebelius and she was so proud they had three likes on facebook for the website. dan, one of the other things that i think a lot of people are finding is that there's sticker shock here. not only did washington state, we found out last week, have to tell people that the subsidies they thought they were going to get were miscalculated, they were going to pay more, but as people go into these programs, they are finding that because some of these insurance plans cover more, they cost more than the plans you might have been getting before? >> yeah. eye opening for a lot of people. if you just listen to the rhetoric out of the administration you would think it's not going to cost you a lec of a lot of money and the federal data hub issued this week compounded that. people aren't aware of how much offsets they can get but a lot of people will pay more or pay something they weren't obligated to pay before hand. they will be surprised. >> $100 a month or $50 for a lot of people, that is a -- >> sure. >
" was no exception this past weekend. here is their interpretation of kathleen sebelius. >> still need guns? consult healthcare.gov's frequently asked questions for topics like "what the hell," "how have i been on the same page for three hours," "does obama care cover mental issues caused by this website." and the most frequent is "who the government." and then a postcard with the word help to u.s. government. attention internet problems, washington, d.c. and in six to eight weeks you'll receive an informational brochure along with a trial version of incarta encyclopedia plus 1,000 free hours of aol. >> everybody hates paperwork. >>> up next, despite the problems with the federal health care website, the system's working and working well on the state level on states, that is, who want it to work. in those states. that's bad news for the haters out there. you're watching "hardball," the place for politics. i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hopeng. i hope he saved enough. who matters most to you says the most about you. at
insurance plans because of obama care. this comes as more people call for hhs secretary kathleen sebelius to step down over this, but i say it's way over time to hold president obama accountable. the buck stops there. he ought to show some back bone and not just blame his underlings. and there's talk about the
you care whether or not it works? today, secretary of health and human services kathleen sebelius testified before a republican house committee on problems with the rollout of the health care law. one republican congressman told her she was not in kansas anymore. another told her, he thought he saw her riding her bike in kansas when she was a child. it was a weird hearing. at one point, the secretary just said whatever. in the middle of an answer at a particularly badgering nonsense moment with a republican member of congress. the republican plan on health care was to pretend like it was not the law. then it was to shut down the government to demand that it not be the law. now the plan is maybe sort of trying to make it better. at least demanding that it be better and demanding answers for why it is not better already. when the problems with obama care start to be resolved as they were in massachusetts when that state's law rolled into effect over a period of months and years, when the problems with this nationally start to settle out and it starts to work, then what should we exp
sebelius, when was the last time you heard of a man giving birth? why are we forcing men to take on prenatal and pregnancy coverage? they don't need it and they don't want to pay this extra. >> lots of people don't think they need anything. the trouble is, and i believe in community rating which is what we did here 20 years ago. what that means is we're all in this together. i think that's what the affordable care act does. you had aetna, for example, that in three periods cut 350,000 people off their health insurance because they were sick. yeah. you could say i agree, these were all legal. now they're not legal anymore. what the president has done with the affordable care act is tighten up insurance standards so those kinds of things don't happen to people anymore. it is true. there are a few people that will pay more. most will not, though. people whose bills go from $200 to $600, either they can afford them or they're going to get tax subsidies and they're not going to have to pay that much. >> what about joe's contention we're oversimplifying this thing about insurance compa
breakdown continues. and health secretary kathleen sebelius still refuses to come clean about the inside causes and costs of the fiasco. all right. first, tonight, we now know that the obama administration is muzzling insurance companies, telling them to keep quiet about all the canceled
under way at 10 a.m. on wednesday kathleen sebelius will be back as well, testifying before the finance committee. back to you. >> bertha, thank you so much. the obama administration set a target of 7 million people to sign up for the new health care plan by march 1 st of next year. that's 39,000 each day. the exact number of enrollees is not public but early estimates show enrollment falling short right now. joining us right now with their take, doug holtz, former director of the economic budget action and michael mandell, economic strategist for progressive policy institute. thank you for joining us. doug, kick us off. what do you think the impact of health care overall will be if the enrollment in exchanges falls short, which seems to be what we're seeing? >> well, this is a big problem for the obama care rollout. no question. you need the young invincibles. a group traditionally has not boughten some insurance. in polling we did earlier, 45% of them said they would not buy insurance if they saw premiums go up by as much as 30%. we're seeing much bigge
. >> yeah. secretary sebelius has said in effect the buck stops with me. and you have rnc chair reince priebus calling on her firing. some dems also agree to that. even robert gibbs said that some people in charge of this launch should be fired. why have no heads rolled after a foulup this big? >> well, know, i think basically you've got an awful lot of hands into the experiment here with different contractors piecing together the rolling out of the program. and i think right now, the spirit of cooperation collaboration to get this done is much more overruling than having to assess blame in any location. that will come. there will be a review of how this happened. but right now, let's get to work. let's get this running because people do want to enroll. i think they see this as a major benefit. this is one of the biggest health care reform insurance reform launches since medicare a number of years ago in the early '60s. >> may i ask you before i let you go about the budget talks on the hill? there's been talk of the elusive grand bargain on spending taxes and entitlement programs. give
's what sebelius said. >> mid november, i'd do -- >> jan 1? >> yeah. mid 2015 and see what happens. >>> we have other news, president obama has reportly ordered the nsa to stop eavesdropping on joe kernen. no, stop eaves dropping on the headquarters of the imf and world bank. the order is said to be the latest move, of course, by the white house to demonstrate its willingness to curb at least some surveillance in the wake of weeks by former nsa contractor edward snowden. >>> a number of comments about janet yellen starting to come from the senate. richard shelby says he would oppose efforts to block her nomination with a filibuster unless some disturbing disclosure emerge. his comments come after senator rand paul said he instead to withhold her nomination. and senator lindsay graham has vowed an effort to block white house nominees until the obama administration comes forward with more information about benghazi. shelby's comments are important because democrats would need to pick up only five republicans vote to clear procedural hurdles and bring yellen's nomination to a full senate vote
Search Results 0 to 36 of about 37 (some duplicates have been removed)